Ricky Allen & Associates Newsletter

Summer Newsletter

2019 SUMMER GREETINGS!

INSIDE

Q2 Real Estate Update Featured Property: 39 Yana Drive

Summer is here and we are happy to report that the Santa Fe real estate market remains strong. Summer in Santa Fe is a magical time; from the Santa Fe Opera season- don’t miss La Boheme this year-to Spanish Market and Indian Markert, there are no shortage of cultural events and experiences. If you are like us, you also enjoy being outside whether working in the garden, riding horses or hiking local trails, we can be found outside whenever we are not helping visitors and locals sell and buy real estate. An easy--under one hour--hike we suggest you try this summer is the Dorothy Stewart Trail. Located on the east-side of Santa Fe with plenty of parking—escape for an hour and recharge with beautiful western views and fresh air.

Event Calendar Cherry Kale Salad Recipe Top 5 Hikes

REAL ESTATE MARKET UPDATE Q2 2019 Second quarter 2019 results for sales of residential properties in Santa Fe confirm a continued increase in average sales price and median sales price, while total units sold decreased by 9% from one year ago. According to the Santa Fe MLS, by the end of the second quarter of 2019, the average sales price for residential properties stood at $461K, compared to $423K one year ago, a 9% increase. The median selling price increased by 8%, or $360K, compared to $333K one year ago. As of June 30, 2019, active listings of residential properties in the Santa Fe area increased by 10%, with the largest increases found in homes priced between $250K to $500K, reflecting a 13% increase from one year ago while homes priced $1M+ reflected an increase of 12% from one year ago. Increased inventory translates to more choices for buyers as the summer sales season is upon us. Average days on market decreased by 17% throughout the second quarter. The only price sector showing an increase in days on market were homes priced from $1M to $2M, which saw an 8% increase from 156 days on the market last year to 162 days on the market this year. Of note for the Santa Fe high-end market was the fact that sales activity in the $2M+ market continued a slow yet steady increase in closed sales for the third year in a row.

Santa Fe was recently ranked by Travel & Leisure Magazine as #2 in “Best Cities in the US” and #14 in the “Top 15 Cities of the World”. As the summer season unfolds, be sure to make plans to visit our extraordinary city in order to experience some of the many cultural events and festivals that make Santa Fe so attractive to so many worldwide. Experience the lifestyle that only Santa Fe can offer and while you are here, make plans to select Santa Fe as a permanent part of your lifestyle choice.

As always, our goal in sharing this data with you is to create a better understanding of the trends affecting our unique housing market. We hope you find it to be a valuable resource and we look forward to working with you to meet your real estate needs now and in the future. If you have any questions about the Santa Fe market, please do not hesitate to reach out to us.

SUMMER 2019

39 YANA DRIVE Only 8 minutes from the Plaza there’s a magnificent European-inspired hilltop estate with exquisite views of the Sangre de Cristo Mountains and the surrounding foothills that is truly one-of-a-kind. This exclusive property features a stunning main house, a guest house, bedroom and bath, a separate artist studio and 7.7 acres--all in desirable Tesuque. The 4 bedrooms/ 3 full bathroom main house has bespoke decor imported from Europe including hand painted, antique French ceiling beams; arched stone columns; beautiful mixture of wood and stone floors; antique doors and shutters; stained glass and built-in cabinets. The spacious master suite possesses a separate office area and a hand-painted claw foot soaking tub. On the other side of the home’s gracious living room, a room currently used as an office could easily serve as the home’s third ensuite bedroom. A separate mother-in-law/caretaker apartment is located on the home’s garden level complete with covered parking, kitchenette, bathroom, bedroom and a generous living area. A separate artist studio with bathroom is located a few hundred feet from the main house. The newly renovated guest house/casita is complete with a kitchenette, living area, bedroom and bath. The front porch is the perfect place to sit and enjoy the mountain views. Outdoor living at 39 Yana Drive is both private and accessible with an oversized, shaded deck displaying stunning mountain views, several outdoor patio areas and a rose garden.

HAPPENINGS AROUND TOWN—JULY, AUGUST, SEPTEMBER Spanish Market 68th Annual Traditional Spanish Market­—July 27-28, 2019 on the Santa Fe Plaza Over 200 Adult and Youth artists from New Mexico and southern Colorado will participate in this popular event.

MORE INFO Smithsonian’s Native Cinema Showcase—August 13 through August 18 at the New Mexico History Museum. All screenings are free and open to the public. MORE INFO Santa Fe Indian Market—August 17 and August 18 on the Plaza— The 98th Santa Fe Indian Market transforms the City of Santa Fe, with nearly 1,000 of the continent’s finest Native American artists showing their work in booths filling the Santa Fe Plaza and surrounding streets. The Indian Market is the largest and most prestigious Native American fine art show in the world. MORE INFO Fiestas de Santa Fe —July 31 through September 8 — If there’s one tradition that captures the spirit of Santa Fe, it’s the annual celebration, Fiestas de Santa Fe. This event is the longest continuously running celebration in the U.S.! With a Pet Parade, Mariachi Extravaganza, the Burning of Zozobra, concerts and more, Fiestas de Santa Fe is a feast for all the senses. Check schedule daily. MORE INFO Santa Fe Wine & Chile Fiesta —September 22 through September 29— The Santa Fe Wine & Chile Fiesta is an annual five-day weekend of events featuring the culinary artistry found in Santa Fe, New Mexico’s many excellent restaurants coupled with the sophistication and wines of national wineries. MORE INFO

SUMMER 2019

Ricky Allen & Associates Top 5 Summer Hikes #5 Chamisa Trail is a 4.5 mile moderately trafficked loop

trail located near Santa Fe, New Mexico that features beautiful wild flowers and is rated as moderate. The trail offers a number of activity options and is best used from April until October. #4 Nambe Lake Trail is a 6.4 mile moderately trafficked out and back trail located near Santa Fe, New Mexico that features a lake and is rated as difficult. The trail offers a number of activity options and is best used from May until October. #3 Picacho Peak Trail is a 3.3 mile heavily trafficked out and back trail located near Santa Fe, New Mexico that features beautiful wild flowers and is rated as moderate.

SEASONAL RECIPE: KALE SALAD 6 to 8 servings cups kale leaves, massaged 6 strips bacon, diced 1 cup cherries, halved (seeds removed) 1/2 cup blueberries 1/2 cup crumbled feta cheese 1/2 cup diced granny smith apple 1/4 cup pecan pieces Balsamic Vinaigrette: 1 tablespoon dijon mustard 1/2 tablespoon honey 1/2 teaspoon dy basil 1/4 cup balsamic vinegar 1/3 cup olive oil salt & pepper to season massage torn kale leaves with a bit of sea salt. heat a medium saute pan to medium high heat, add bacon and cook 5 minutes until crispy. remove and place on a paper towel to let grease drain.

In a small bowl add dijon mustard, honey, basil, balsamic vinegar, olive oil, salt, and pepper.

Whisk to emulsify (so the oil and vinegar are no longer separated). toss In a large bowl add kale, bacon, cherries, blueberries, feta cheese, apples, and pecan pieces.

Serve dressing on the side or toss in at the last minute.

#2 Tesuque Creek Trail is a 3.1 mile lightly trafficked out and back trail located near Santa Fe, New Mexico that features a river and is rated as moderate. The trail is primarily used for hiking, walking, nature trips, and horses and is accessible year-round. #1 Lower Rio en Medio Trail is a 7.8 mile out and back trail located near Santa Fe, New Mexico that features a waterfall. The trail is rated as moderate and primarily used for hiking, trail running, horses, and mountain biking.

TESTIMONIALS “Ricky’s responsiveness and negotiating instinct were critical in putting together a large deal with many complications. Any real estate agent can get the front door of a house open, but once the choice has been made to purchase a property, the real work starts and there are many ways a deal can come apart--not the least of which is failures caused by the agents. Ricky has prior business experience and it matters immensely. Ricky represented me as a buyer’s agent.”

—S. Birmingham

“Cathy was a joy to work with from start to finish. She knew her market, was well prepared and always followed through. On top of that, she was a lot of fun and made the whole process enjoyable.

I would use Cathy again and I would highly recommend her!”

—V. Varnado